Helios Technologies (NYSE:HLIO) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Helios Technologies (NYSE:HLIO) had its price target cut by investment analysts at JPMorgan Chase & Co. from $110.00 to $90.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 80.61% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Helios Technologies from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research downgraded shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Weiss Ratings raised shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. KeyCorp reduced their price target on shares of Helios Technologies from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wall Street Zen downgraded shares of Helios Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Helios Technologies has a consensus rating of “Moderate Buy” and an average target price of $76.25.

Helios Technologies Trading Up 5.0%

Shares of NYSE:HLIO traded up $2.39 during midday trading on Monday, reaching $49.83. The company’s stock had a trading volume of 2,025,916 shares, compared to its average volume of 370,800. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The firm has a 50 day moving average price of $68.27 and a two-hundred day moving average price of $73.33. Helios Technologies has a fifty-two week low of $46.95 and a fifty-two week high of $95.05.

Helios Technologies (NYSE:HLIO) last announced its earnings results on Thursday, November 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. Helios Technologies had a return on equity of 11.61% and a net margin of 8.74%. The company had revenue of $229.70 million for the quarter. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts forecast that Helios Technologies will post 3.17 earnings per share for the current year.

Hedge Funds Weigh In On Helios Technologies

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Helios Technologies by 14.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 111,456 shares of the company’s stock valued at $7,570,000 after purchasing an additional 14,023 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Helios Technologies by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 61,888 shares of the company’s stock worth $4,203,000 after purchasing an additional 949 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Helios Technologies by 359.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 240,880 shares of the company’s stock worth $16,594,000 after purchasing an additional 188,503 shares during the last quarter. CenterBook Partners LP bought a new position in shares of Helios Technologies in the third quarter valued at approximately $927,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Helios Technologies in the third quarter valued at approximately $250,000. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Company Profile

Helios Technologies, Inc is a global manufacturer of hydraulic and electronic control technologies. Its products are used by original equipment manufacturers in markets including mobile and industrial equipment, marine, and other specialty vehicles.

Through its hydraulics businesses, the company makes cartridge valves, hydraulic integrated circuits and manifolds, and quick-release couplings. Its electronic controls businesses provide technologies such as control systems, displays, instrumentation, and related products for vehicle and equipment applications.

Based in Sarasota, Florida, Helios serves customers internationally through its operating companies and distribution network.